PRESS DIGEST- Financial Times - December 2

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Head of UK fiscal watchdog quits after Budget leak - Zipcar to exit UK car sharing market

- Starmer urges UK business to boost trade with China despite security threats - Apple replaces head of AI with executive poached from Microsoft

Overview - UK fiscal watchdog chief Richard Hughes resigns after an investigation confirmed the OBR’s Budget report was accidentally published early online, triggering market volatility and political backlash.

- Zipcar, the car-sharing giant owned by US rental group Avis Budget, has said it plans to exit the UK market, in the latest hit to the struggling industry. - Sir Keir Starmer has encouraged British businesses to embrace the opportunities of increasing trade with China, ahead of a decision on the contentious plan for a larger Chinese embassy in London.

- Apple replaces AI chief John Giannandrea with Microsoft’s Amar Subramanya as it seeks to accelerate generative AI efforts after falling behind rivals like Google and OpenAI. (Compiled by Bengaluru newsroom; Edited by Ronojoy Mazumdar)